October 2021 | Electricity Market Review
26 November 2021

In October 2021, Georgian power plants generated 1192 mln. kWh of electricity. This represents a 40% increase in total generation, compared to the previous year (in October 2020, the total generation was 852 mln. kWh). The increase in generation on a yearly basis comes from the increase of 104% and 43% in hydropower, and wind power generation, respectively. Meanwhile, there was a 44% decrease in thermal power generation.

On a monthly basis, generation increased by approximately 8% (in September 2021, total generation was 1101 mln. kWh) (Figure 1). The monthly growth in the total generation is caused by an increase of 41%, 37%, and 3% in thermal, wind and hydropower generation, respectively.

The consumption of electricity on the local market was 1148 mln. kWh (+23% compared to October 2020, and +9% compared to September 2021) (Figure 1). In October 2021, power generation exceeded consumption by 44 mln. kWh which was 4% of total generation (in October 2020 difference between total generation and consumption resulted in a deficit of 84 mln. kWh, around 10% of the total generation for the month).